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OPEC agrees to deal to cut oil output, despite Trump pressure

OPEC agrees to deal to cut oil output, despite Trump pressure

06 December 2018, 03:46

Novak returns to Vienna on Friday for talks between Opec and its allies, following discussions among Opec producers on Thursday. Major producers such as Russia , Saudi Arabia , Iraq, the UAE and Kuwait pounced on the occasion to produce as mu...

Canadian oil made a almost 50% move today

Canadian oil made a almost 50% move today

06 December 2018, 09:41

The province is producing 190,000 barrels a day more than can be shipped out and inventories are "nearing capacity", Alberta's government said in a release Sunday. Notley's challenger in next year's election for premier is now trumpeting his suppor...

Chief financial officer of China's Huawei arrested in Canada

Chief financial officer of China's Huawei arrested in Canada

06 December 2018, 04:47

She will have a bail hearing on Friday, he said. At this time, the department spokesperson can't share more details because Meng requested a publication ban. USA officials have been investigated Huawei over alleged violations of the country's sanctio...

United States wants 'concrete' trade action from China within 90 days

United States wants 'concrete' trade action from China within 90 days

05 December 2018, 03:15

The US said that China will purchase a " very substantial " amount of US products to ease the trade imbalance, and would clamp down on the export of deadly synthetic opioid fentanyl to the US. Behind Beijing's apparent caution may also be a whiff o...

Trump Reconsiders Qualcomm-NXP Deal Despite Qualcomm’s Intention to Walk Away

Trump Reconsiders Qualcomm-NXP Deal Despite Qualcomm’s Intention to Walk Away

05 December 2018, 01:32

Afterward, Trump said Xi would consider giving a green light to a Qualcomm/NXP merger should the deal be presented to him again. The American chip manufacturer Qualcomm no longer sees any salvation in an acquisition of its Eindhoven-based industr...

Quora discloses major security breach that affects 100M users

Quora discloses major security breach that affects 100M users

04 December 2018, 04:25

They have not yet provided more information as to what imported data may have been compromised. That's because to access a Quora page, you have to log in - either by creating an new account or by linking your Google or Facebook account.

Trump Claims He Will Withdraw US From NAFTA

Trump Claims He Will Withdraw US From NAFTA

04 December 2018, 12:31

On the plane ride back from the G20 summit, President Donald Trump said he would withdraw from NAFTA , the North American Free Trade Agreement , which still governs business among Mexico, the us and Canada despite the countries signing the USMC...

Xi G20 dinner unlikely to end in joint statement, regardless of outcome

Xi G20 dinner unlikely to end in joint statement, regardless of outcome

04 December 2018, 07:59

While Trump cancelled his meeting with Putin, the USA president was still scheduled to meet with Chinese President Xi Jinping , but analysts were not optimistic about prospects for a major breakthrough on the two countries' trade disputes a month be...

Saudi Crown Prince Putin discuss oil market rebalancing

Saudi Crown Prince Putin discuss oil market rebalancing

03 December 2018, 04:41

Baghdad would have a hard time joining other producers in trimming output, he said. In its northern region, the nation is also seeking to fix oil pipelines and facilities damaged in the more recent conflict with Islamic State militants. "We are going...

Qatar to withdraw from OPEC in January 2019

Qatar to withdraw from OPEC in January 2019

03 December 2018, 12:13

Qatar Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani. "The withdrawal decision reflects Qatar's desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tons per year to 110 million ton...

United States stocks surge after Fed chair's comments on interest rates

United States stocks surge after Fed chair's comments on interest rates

02 December 2018, 02:27

In remarks delivered Wednesday in New York, Fed chairman Jerome Powell uttered words that set Wall Street on fire. Policymakers had provisionally pencilled in three quarter-point rate increases for next year, according to the median of forecasts re...

World waits to see if Trump-Xi dinner brings trade peace

01 December 2018, 12:43

Trump said there had been some positive signs. He said: "We're working very hard". "We've just gotten to know each other and, so far, so good", was his estimation of Mr Morrison from the outset, before adding "I think it's going to be a great r...

Powell hints at slower rate-hike pace

Powell hints at slower rate-hike pace

01 December 2018, 08:12

The downgrade is at least partly attributable to Powell's remark on October 3 that interest rates were probably a "long way" from neutral, which seemed to contradict his comment a couple of months earlier rejecting a too-rigid reliance on the neutr...

Oil prices rebound after Russian Federation shows willingness to cooperate with OPEC

Oil prices rebound after Russian Federation shows willingness to cooperate with OPEC

30 November 2018, 10:13

Saudi Crown Prince Mohammed bin Salman, a key Trump administration ally, wants prices at $80 or more for his economic reforms. The Russian Energy Ministry held a meeting with the heads of domestic oil producers on Tuesday, ahead of a gathering in V...

Trudeau, Trump and Pena Nieto set to sign USMCA

Trudeau, Trump and Pena Nieto set to sign USMCA

30 November 2018, 07:42

Legislators from the three countries still have to approve the pact, officially known as the United States-Mexico-Canada Agreement (USMCA), before it goes into effect and replaces the North American Free Trade Agreement (NAFTA). The Canadian Conser...

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

30 November 2018, 04:44

Powell , in remarks just two weeks ago, had listed three possible challenges to growth in 2019: slowing demand overseas, fading fiscal stimulus at home and the lagged economic impact of the Fed's past rate increases. Trump has repeatedly attacked...

Trump studying new auto tariffs after GM restructuring

Trump studying new auto tariffs after GM restructuring

30 November 2018, 01:44

But a change in the tax break would require action by Congress. Chris Krueger, a strategist at Cowen Washington Research Group, said GM's move made it more likely that Trump "doubles down with auto and auto parts tariffs". Trump's policies weren't ...

USA slams harmful China trade policies, threatens auto tariffs

USA slams harmful China trade policies, threatens auto tariffs

30 November 2018, 09:09

Trump said he was waiting for a "full report " from his national security advisers later Tuesday about the alleged attack, claiming the information would be "very determinative". The British pound fell in the wake of his comments, which were counter...

Microsoft snags $480m US Army hardware contract - Audio Visual

Microsoft snags $480m US Army hardware contract - Audio Visual

30 November 2018, 07:30

The military intends the system to "increase lethality", among other things. This new venture, though, is a significant step up from what we've seen previously, with the USA government keen on finding a headset that could allow for night vision, th...

German police raid Deutsche Bank in 'Panama Papers' graft probe

German police raid Deutsche Bank in 'Panama Papers' graft probe

29 November 2018, 11:29

Investigators are looking into the activities of two Deutsche Bank staff members who are alleged to have helped clients set up off-shore firms to launder money, the prosecutor's office said . Analysts say that because these transactions can be lucra...

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